Decentralized Finance
Decentralized finance (DeFi) is a rapidly expanding industry, offering blockchain-powered financial services and products. It is a decentralized system of applications and protocols that exist on the blockchain, running autonomously without any single point of control or censorship. DeFi has been gaining traction over the past few years due to its potential to revolutionize traditional banking models and provide access to global financial markets for people who may not have had it before. This article will explore the various aspects of DeFi including its benefits, types of platforms, tokens, protocols, use cases, security measures, projects, risk management strategies and investment opportunities. Key Takeaways DeFi is a rapidly expanding industry offering blockchain-powered financial services and products. DeFi offers transparency, accessibility, low fees, and security compared to traditional finance. DeFi protocols leverage…